04:55 PM EDT, 06/12/2024 (MT Newswires) -- Broadcom ( AVGO ) reported fiscal Q2 non-GAAP diluted earnings late Wednesday of $10.96 per share, up from $10.32 a year earlier.

Analysts polled by Capital IQ expected $10.84 normalized.

Net revenue for the quarter that ended May 5 was $12.49 billion, up from $8.73 billion a year earlier.

Analysts surveyed by Capital IQ expected $12.01 billion.

The company raised its fiscal 2024 revenue guidance to about $51 billion from roughly $50 billion. Analysts polled by Capital IQ expect $50.31 billion.

Broadcom ( AVGO ) said it maintained its quarterly dividend at $5.25 per share, payable June 28 to investors of record on June 24.

Shares of Broadcom ( AVGO ) were up more than 10% in after-hours activity.

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